What is Western Digital's free cash flow?

Western Digital (WDC) reported free cash flow of $599M in Q3 2025.

How has Western Digital's free cash flow changed year-over-year?

Western Digital's free cash flow increased by 1066.1% year-over-year, from -$62M to $599M.

What does free cash flow mean?

Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

Western Digital WDC Free cash flow

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CDWCDW

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Other financials

Income statement

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Revenue$3.3B+45.5%

Gross profit$1.7B+83.8%

Operating income$1.2B+56.6%

Net income$3.2B+516%

EPS (diluted)$8.20+477%

Balance sheet

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Cash & equivalents$2.1B-41.0%

Total debt$1.7B-77.0%

Total equity$9.7B+87.0%

Total assets$15.0B-8.1%

Cash flow

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Operating cash flow$672.0M+1,876%

CapEx$73.0M-24.0%

Valuation

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Market cap$232.79B+1,025%

Enterprise value$232.47B+842%

P/E35.8×+23.2×

P/S19.8×+17.5×

Profitability

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Gross margin45.4%+8.2pp

Operating margin30.3%+12.8pp

Net margin55.3%+36.8pp

FCF margin-7.2%-14.6pp

Returns & leverage

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Return on equity87.6%+66.1pp

Debt / equity0.2×-1.3×

Current ratio1.5×-0.1×

Where this comes from

Calculated from Western Digital’s reported figures.

$672.0Mnet cash from operating−$73.0Mcapital expenditures=$599M

The official record: Western Digital’s 10-Q, filed October 31, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Western Digital's free cash flow?: Western Digital (WDC) reported free cash flow of $599M in Q3 2025.
How has Western Digital's free cash flow changed year-over-year?: Western Digital's free cash flow increased by 1066.1% year-over-year, from -$62M to $599M.
What does free cash flow mean?: Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.